GE Fraud? Bigger Than Enron?

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Feature Article by Stephen Lendman
GE Fraud? Bigger Than Enron?

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

Enron Online became the first Internet-based commodities transaction system. 

It rescinded regulations in place since 1922. Derivative scams went wild. 

Enron fleeced investors and energy purchasers with impunity until its house of cards collapsed. 

Then-Fed chairman/maestro of misery Alan Greenspan endorsed derivatives — falsely calling them a way to share risks, ignoring unprecedented speculation with these instruments. 

They turned the 2008-early 2009 economic downturn into a Great Depression for most households, exacerbated by neoliberal harshness.

Economic hard times continue for most US households. Maybe another sharp leg down is coming — turning America more into a nation of paupers than already, while privileged interests get richer at their expense. 

In November 2005, whistleblower/financial a
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